Under Armour Inc (UAA) Expected to Announce Quarterly Sales of $1.08 Billion
Equities analysts predict that Under Armour Inc (NYSE:UAA) will announce sales of $1.08 billion for the current quarter, Zacks reports. Sixteen analysts have issued estimates for Under Armour’s earnings, with estimates ranging from $1.04 billion to $1.1 billion. Under Armour reported sales of $1 billion during the same quarter last year, which indicates a positive year over year growth rate of 8%. The company is scheduled to report its next earnings results on Tuesday, July 25th.
On average, analysts expect that Under Armour will report full year sales of $1.08 billion for the current financial year, with estimates ranging from $5.11 billion to $5.41 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $6.07 billion per share, with estimates ranging from $5.67 billion to $6.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Under Armour.
Under Armour (NYSE:UAA) last released its quarterly earnings results on Thursday, April 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year.
A number of equities analysts have commented on UAA shares. Jefferies Group LLC raised shares of Under Armour from a “hold” rating to a “buy” rating and boosted their price target for the stock from $19.00 to $27.00 in a research note on Friday, March 24th. Zacks Investment Research cut shares of Under Armour from a “hold” rating to a “sell” rating in a research note on Thursday, January 26th. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a $17.00 price objective on shares of Under Armour in a research note on Monday, April 24th. Canaccord Genuity cut shares of Under Armour from a “buy” rating to a “hold” rating and cut their price objective for the company from $44.00 to $20.00 in a research note on Tuesday, January 31st. Finally, FBR & Co cut their price objective on shares of Under Armour from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. Seven investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.71.
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In other Under Armour news, insider Kerry D. Chandler sold 5,921 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $21.38, for a total transaction of $126,590.98. Following the completion of the sale, the insider now directly owns 12,803 shares in the company, valued at approximately $273,728.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William R. Mcdermott sold 4,799 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $21.40, for a total transaction of $102,698.60. Following the sale, the director now owns 59,657 shares of the company’s stock, valued at $1,276,659.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,519 shares of company stock valued at $331,652.
Under Armour (NYSE:UAA) traded up 1.11% during trading on Friday, hitting $19.10. 5,683,744 shares of the stock traded hands. The stock has a market cap of $8.41 billion and a PE ratio of 48.23. Under Armour has a 12 month low of $18.34 and a 12 month high of $44.68. The company has a 50-day moving average price of $19.97 and a 200-day moving average price of $24.79.
About Under Armour
Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.
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